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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Investor2 who wrote (822)7/9/1997 5:50:00 PM
From: wooden ships   of 42834
 
I2: "Holy mackerel, Andy." What will Brinker say about this?

Begin-
Date: Wed Jul 09 1997 17:16
Donald (@Home):

MIRO: Bogle of Vanguard, THE most respected fund manager in the
business, was on CNBC today- replayed several times, telling people,
including his own customers- that they were making a mistake buying
Index type funds. He invented the index fund. In the absence of any
other news, you have to think that some people listened. Also, tomorrow
Compaq Computer is going to report earnings. It has been up 25 points
in two weeks, the expectations are enormous. Mabye some cautious people
think the market will be disappointed with Compaq. A third point, copper
is down 6% over two days. Some people think that copper is a leading
indicator of the economy. They call it "the metal with a PhD in economics".
Old pros take it seriously.
END
------------
I missed the interview in question. This report comes from the ponderous
Kitco gold discussion site. Did anyone catch this seemingly momentous
interview? Did MIRO get it right?
kitco.com
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